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-- testily need -- desperately need for clean energy that will protect the planet. host: how does it work as a tax and how is it calculated? guest: day carbon tax is populated on the carbon content of the fossil fuel. coal is going to be taxed the most. natural gas the least an oil somewhere in the middle. renewables would not be taxed at all because they have no carbon in them. anything that is made with fossil fuels is one to become more expensive. that may seem like a negative, it is actually a positive. we need that pricing to bring away from transition t fossil fuel and away from 30 energy. it will make the economy more efficient and the tax -- to bring about the transition away from fossil fuel and away from dirty energy. the talk in washington in the past few weeks has been about a carbon tax of $20 per ton of carbon dioxide. that is hard to translate. it would be maybe half a cent a kilowatts in electricity and 18 cents a gallon more in the price of gasoline. that will bring about $100 million more a year in revenue. you could reform the tax code to make it more fair, more efficie
'll talk to the ceo of shil oig. gasoline prices, energy policy and much more. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life.
that capture the spirit and energy one associates with soup. of course, you're probably thinking what's soup without music? that's what i thought. ( laughter ) well, they got that covered, too, because campbell's has partner with the music service spottify so consumers can create custom playlists built off the persona of the soup. soup-inspired playlists! it's like a mix tape you make for your girlfriend, only your girlfriend is a bag of soup. ( laughter ) ( applause ) ( cheers and applause ) for example, i chose tom petty's "a wasted life "to describe whoever came up with this marketing campaign. ( laughter ) soup! now, nation, ever since former c.i.a. director david petraeus revealed his torrid affair, the scandal has the entire news-scape in a tizzy. >> the sex scandal that's rocked washington. >> a salacious sex scandal involving the now-former c.i.a. director. >> breaking new details on the fast-moving c.i.a. sex scandal. >> we have to talk about the fiscal cliff but i'm dying to ask you about the scandal because it's all anyone's talkin talking about. >> stephen: yeah. this sex scan
violence of course. we have great guests on the show, including public citizen energy director and edward isaac dovere. but i guess the real important story is that mc hammer came out and sang [ inaudible ] at the american music festival. >> is that what happened? >> john: yes. >> i can't wait to tell my grandchildren that this one-hit wonder cy went on with mc hammer. >> john: yes, cy came -- >> deep it going dan. ♪ >> john: cy came out and lip sinked. he is playing the studio version, and then mc hammer comes out and [ inaudible ] his third biggest hit -- >> this sounds like a train wreck. >> john: if you listen very very closely to this you can hear the founding fathers weep. and we'll be talking about david petraeus. because there is now a backlash of people saying why should he have to resign? the obvious answer is because he is the biggest spy in america and spies get fired for less. but what do you think? if america needs him running the cia, if he can do for america what he did for afghanistan, why would you want him leaving? >> yeah. >> john: please feel free
cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> now for our "what in the world" segment. if history is any guide, second terms are often disrupted by a foreign policy crisis. it's easy to see how that might happen over the next four years with iran or syria, but there's a distinct possibility that the next big foreign policy crisis will take place somewhere else. perhaps thousands of miles away in asian waters
report that the international energy agency about the country's energy production by 2020. later, we will talk about how the federal bureau of investigation and the cyber- based crimes. clark sought foreign policy scholars will discuss the relationship of the u.s. with china. we will hear from the u.s. ambassador to china. our live coverage begins tomorrow at 9:15 on c-span2. >> the mindset of the world, was into the mid 1990's that wire line access would -- with stuff on poles or in the ground was the key to understanding telecommunications. the intriguing part of the wireless story is how very few people inside the industry - back- that is why the report came out the way it did. it must not just the fcc who did not understand the potential of the wireless. it was the entire industry. except for a few visionaries who were regarded as kooks. turned out to be the case was the hope that some people had that you could have a robustly competitive fixed line access industry, where a half dozen companies are offering telephone service over luetkemeyer. -- over wire. that vision was mistake
hit were financials because of the tighter regulations, tougher to do business, but also energy, same thing, on the coal and the environmental side there. so i think those two were kind of what i will call a reset. >> would you buy in to the selloff or do you want to take to the sidelines. the market has done well under president obama. i realize it is probably the free money and the stimulus from the federal reserve that that has driven the market but the nasdaq is up 90%, the dow up 50%, s&p 500 up 60%. was this an over reaction and would you look for opportunities to get in? >> i think, i would say fundamentally we are looking for s&p earnings of $100 a share next year. that is somewhat lower than what total year 2012 will be. we're also below consensus, but even still, $100 a share should support 1400 in the s&p which is higher than it is right now. should support 1450, potentially even 1500. i would say we're in a range bond market in the u.s. and it's going to be subject to a lot of headlines we will read. >> what sectors do you think will do well under an obama presidency. what
a difference in the lives of others. let's get started at capella.edu new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. ♪ how do you like me now how do you like me now how do you like me now ♪ >>> in the immortal words of will ferrell's ricky bobby, if you're not first, you're last. those words were ringing in our ears as we participated in the gma 600, a name we entirely fabricated involving real nascar vehicles with real nascar stars, high speeds, high stakes, so who won? the big reveal coming up. good morning, america. i'm dan harris. >> none of us look happy. yeah. it was a scary experience, indeed. good morning, everyone. i'm bianna golodryga. it's sunday, november 18th. luckily we survived
. one issue we need to face it is resource costs and energy prices, but that is not being driven by global use of the moment. it is being driven by other factors. i am not optimistic about the long-term potential growth. but is there a trade-off between what we should do to protect our elderly population and to provide adequate medical care to the whole population, and what we should do to protect our infrastructure and address energy and climate issues? no. we are underperforming on both fronts. >> it is not a budget trade- offs. as long as we think revenues can only be this high, there is a trade-off among those priorities. we have to accept having higher revenues to pay for the things we want. the softens that trade-off. impediments are not a drain on real resources. -- entitlements are not a drain on resources. they are a transfer. when we are at full capacity, we have a trade-off. the issue is, we think taxes should only be here. that was probably too low leading up to now. it is certainly too low going forward. >> your point about capital versus operating expenses -- i was
budget. after the weekend, talks collapsed. and the annual world energy outlook report in an hour and plus analysis of where oil prices can be headed. and best buy gets set to join the tablet wars with it insignia flex. what can it offer to customers that the ipad, kindle 5 and surface can't. the first japanese government may be forcesed to lower its outlook for the economy, this after reporting an 8.9% fall in third quarter gdp. at this rate, already in recession. the government's attempts at a moderate recovery has been made more difficult by tensions with china. now pressure is even mounting from the boj, but analysts say the central bank likely to hold off until after the federal reserve is due to meet. joining us for more is global chief officer of global equities. and head of japanese research at jpmorgan securities. i suppose the question is whether this contraction here in the third quarter will be followed by another one in the fourth. >> it looks quite likely. you've got bad news on exports continuing and you've got on on top of that now a contraction in public spending
we'll get the hsbc flash pmi for november. shares in hong kong faired a bit better. energy plays led the rally on ohio oil prices. elsewhere south korean shares snapped a between day losing streak helped by technology stocks and also ship builders. in us a take i can't, commodity plays lent support to the asx 200. talks of a leverage buyout plan. sensex now trading louisa, back to you. >>> the spanish bad loans according to reuters, now at the 10.7% during the month of september versus 10.5% seen in august. so according to the bank of spain, we're seeing that figure just creeping up just by a tad. now, in the u.s., a slightly grimmer picture. major u.s. indices have fallen by 5% since the election day. this month already stacking up to be the worst november for the dow and the s&p 500, ninth worst november since 1973. so it's been pretty dismal trade if you're an equity holder. hi, charles. we talk about this and we're looking at a bounce in europe this morning. do we think the grimness will continue? >> i think the equity markets, they couldn't really believe bond the election until
it incredibly cynical fashion, there's a little less energy behind the kind of conspiracy mongering except for john mccain ym who is in it until the end. >> but then today, the reason this was an important question today, today the talking points given to susan rice after the benghazi attack, those talking points were published. and if those talking points are what she was given to say, she hued essentially exactly to what she was briefed to say by the intelligence agency. so on the matter of her and whether she's the architect of the great coverup and can't be secretary of state and all these other thing, i thought today that settled it. >> it did, but i also think -- i guess i was to distinguish between two trends that happen in the republican party. there's this conspiracy mongering and this believing your own ridiculousness that happens. dick morris was calling into that agenda 21 briefing. that's a fairly prominent person in the american right these days. so there's that at one end. then there's the nihilistic obstruction. and the war on susan rice seems to be more in that latter cate
will drive calf too, that's where the energy needs to be put. that's where the biggest bang for the buck will be in the business because, remember, as we looked at these more than minor changes in the financials of the telephone companies across the country, it was so important that we do these two things coi understand didn'tly. -- coincidentally. we got out of sync, one down efficiently and fast. we just have to work the usf thing, and it's about the consumer. >> host: jeff gardner, president and ceo of the windstream corporation. he is also chairman this year of the u.s. telecom trade association. he's been our guest on "the communicators" along with paul barbagallo of bloomberg. gentlemen, thank you. >> guest: thank you.Ñsr >> next, the interim america dialogue discusses the results of the november 6th elections and implications for latin america. panelists discuss the prospects for change with the obama add enrings' policies involving immigration, trade, drug policy, and economic cooperation. this is about an hour and ten minutes. >> this morning, we're going to have a conversation
investment in energy policy not just energy politics. >> the senator was in florida for a birthday celebration and he talked on the presidential campaigns. if you missed his speech it's available at journal@cspan.org. other headlines from the chicago tribune. 25 years after the death of harold washington. are black chicagoans better off? this from the baltimore sun. something we're seeing a lot more of in major metropolitan areas. fast money. cameras are plentiful and profitable but are they accurate and reliable. baltimore sun. the richmond times focuses on the international story is expanding air strikes and hamas levelled in ga savment back to policy issues whether or not medicare and medicaid in social security should be all part of the discussion in terms of bringing down the nation's debt. bob. north carolina good morning. republican line. caller: good morning. i would like to point out whenever somebody you know suggests privatizeing the social security system. demonize this push and go people in wheelchairs over a cliff. and in fact, in galveston where they opted out they'r
, because of the -- you know, tighter regulations, tougher to do business. but also energy. same thing on the coal and the environmental side there. so i think those two were kind of what i'll call a reset. >> so would you buy into this selloff, or do you want to take to the sidelines? i mean, the market -- let's face it, the market has done extremely well under president obama. realize it's also partly the free money and the stimulus from the federal reserve that has driven the market. but the nasdaq up nearly 90%, the dow up 50%, s&p 500 up 60%. so was this an overreaction, and would you look for opportunities to get in? >> well, you know, i think, you know, i would say fundamentally, we're looking for s&p earnings of about $100 a share next year. so that is somewhat lower than what year -- total year 2012 will be, we're also below consensus. but even still, $100 a share should support 1,400 in the s&p, which is higher than it is right now. should support 1450, potentially even 1500. so, you know, i would say we're an arranged bond market in the u.s., and really, it's going to be sub
that inflation forecast of unexpectedly large rise in home energy prices. and annoy saying inflation falling the second half of 2013 and they'll only hit the 2% target in mid 2014. so basically they're going to hit their target almost a year later than they forecast, just three months ago. so in three months, they have pushed out their target of inflation by a year. so what we're seeing now is the sterling gains against the dollar. guilt futures are extending their losses on this report because clearly it suggests they'll be reluctant to do any more qe, let alone the fact they're also questioning its efficacy as well. economic growth to fall back sharply in the fourth quarter. rpi over 3%. the squeeze on real incomes in the uk continues because of this higher inflation profile. they say use of profits from bond purchase to pay government debt the same as 35 billion of qe. that's just to remind you that what's going to happen now is the government is going to take back the interest it's already paid to the bank of england and take it back, which is what they do in japan and the u.s. anyway. >
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, the energy industry. all of which has constituencies behind them and are difficult to address. >> part of the president's answer to that is to not make the distinction between the corporate and the unincorporated business and raise taxes on what one of the speakers described as passed through entities. large partnerships. and that might have otherwise been corporations. >> i think there is no doubt that the corporate income tax in particular is a rickety structure in need of reform. coming about because we are in a world in which capital is increasingly mobile but we have this boundary around the corporate income tax in based on a national boundary and there is just tension contained in that phenomenon. there is dramatically different perspectives about where to move. the republican party seems much more interested in a territorial system where you get past on the profits that accrue in the united states. democrats are worried that creates even larger incentives for transfer pricing and for locating your profits overseas. and thereby escaping that tax. that is a fundamental divide. in
era levels. >>neil: is this guy creating a distraction for this guy? ♪ buy 5-hour energy pink lemonade and ♪ ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >>neil: a sex scandal ended this man's career, and how much could it affect this man's career, saying that c.i.a. new from day one benghazi attack was terrorism and the white house said otherwise. the ball is in the president's court the next move could make. >> the difference. a presidential historian on the implications of all of this, douglas, what do you think? >>guest: well, the part robert frost wrote the only way out is through, the only way we get out of this and the white house will get around benghazi is to come clean on what transpired. it se
that are important for queer communities -- the energy that we are putting around marriage equality issue. >> this is an important question. issues of employment discrimination are critically important. even things like health care disparity, if you will, the reality of where lbgt people are, it is not quite clear and it doesn't bubble up to what is being talked about right now. because marriage equality had been at the forefront. and i do think in some ways, it is why the national gays and lesbians have spent so much time trying to broaden this to make sure that transgendered people in those issues are included in all the work that we do. it is widely thought very hard to make sure that gender identity is included in the employment nondiscrimination act. because we could go the other way with incremental progress with his progress. but we would've left out a whole swath of the community. folks who have greater experiences of discrimination, violence is still an issue. we forget that people are still being violently attacked because of who they are and because of who they love. i think a
about opportunities in the areas of trade and energy and other global affairs that really should be taken advantage of by the united states moving forward. but we have to -- we emphasize as well there are three issues that were on an old agenda that had not been resolved and stood in the way of more productive relationship between the u.s. and latin america. these issues were drugs, cuba, and immigration. the first two issues were important at the summit of the americas. the report was released right before the summit of the americas. the first two issues were raised at the summit. the presidents get a mandate to the american states to study the drug issue and the president made it clear there would not be another summit or unlikely another summit unless there was cuban participation in the summit. those issues certain were prominent. i think the election results had interesting implications for all three of these. perhaps the most important is the last one, immigration, which was not on the summit agenda. i think it has raised some expectations that this may be a real opportunit
in this moment, very unsustainable. must make fiscal reform and energy reform, education reform. but anyway, second. in this moment i don't know whether this will mean that's been in this moment i consider the bailout is not critical for the country. >> why not? >> one, because the condition they can establish after you ask the bailout may be will be the same policies that the government trying to intimate in spain. an advantage in terms of finance countries, of credit, but i believe you have limited -- [inaudible] and this is a price, a medical term, maybe economic terms will be in my view would be my view, more than -- [inaudible]. the second, but the bailout we're talking about bailout not in the greater terms. bailout not depend only of the will of the spanish government. depend on the approval of the rest of the government's. >> particularly germany, right? >> because it is the most important country. but i am convinced the germans reject any totally the possibility spend go ask you don't spank you think germany will veto any bailout for spring? >> absolute. i am convinced of this. so
at the "national journal," covers energy and environmental issues. also the author of this great book called "the human cost of bp's rise to power," terrific book. he's an expert on all things bp which is a good thing because bp has just settled and has agreed to pay our government $4.5 billion related to this spill in the gulf. first of all mike, what do you make of it? >> it is an amazing amount of money. eric holder said yesterday it is the biggest criminal settlement in u.s. history. i think the last one was around half of that or less than half of that against the drug company. yet at the same time, there are people who say it is not enough. given the scope of this spill. in fact, one group, a public citizen yesterday said $4 billion is about 20% of bp's annual profits these days. >> oh, man. >> the government gave them five years to pay these penalties down. and now about half of that money will go back into the gulf. according to holder. for restoration efforts. >> national fish and wildlife foundation. >> rig
frequency are we using in the electronic magnetic spectrum. how much energy are we putting out? are people measuring it? do we know what we need to know about that? the answer was we did a pretty good job at one time during the cold war. some of you may remember emission control. that was a consistent effort we had. not so much now. frankly, we haven't had to do that. we need do what i guess i would call take care of our electromagnetic high gene to know how much are we putting out there that is being picked. what frequency? why do we use the frequency do. can we hop frequency as we build new systems? it will be important 39 potential adversaries and new systems that are coming in that measure that. troping magnetic spectrum is important. we need to sustain the undersea domino the undersea domain. a that's continuing a networking-approach. it's it's important have submarines. they are a main part in the undersea domain. that's a matter of having systems. it's pa aircraft, it's surface ships with the appropriate sonar and rays, it's fixed system on the bottom. it's un-- unmanned underwater
revolution has reenergize north american energy markets and is fundamentally reshaping energy policy. if you think about drones and the war on terror and what technology has allowed, a footprints' the -- a footprint that is more effective in getting bad guys without much involvement on the ground, is the changing technological environment working to overturn established power orders or to reinforce the established power orders? david. >> as you say, this is an ebb and flow and always has been, just as the american stance of when we want to intervene and when we want to pull back has gone in a cycle. the technological flow has gone in a much faster cycle. in the past 10 years, i think it has reinforced american power. if you look at what president bush was doing in his second term and what president obama has doubled down on and triple down on in his first term, what you see is an exploitation of these technologies to try to replace traditional, on the ground kinds of wars of attrition that we have traditionally been in. drones are a great example, as you mentioned. there were 48 or 49 drawn
technological revolution has reenergize the american north american energy market and is fundamentally reshaping global politics short -- toward the traditional powers in the west rather than away from them, you think about drones, the war on terror, technology has allowed a lead foot print that is far more effective in many respects, at least at the specific task of getting bad guys without much direct involvement on the ground than anybody would ever have imagined a few years ago. it's a changing technological environment working to overturn established powered orders or to reinforce establish power orders. >> that is open to all of you. >> as you say, this is an ebb and flow and always has been, just as the american sense of one we want to intervene and when we want to pull back. whether you believe it is a 70 year cycle or in a year cycle or whatever, the technological flow goes in a much faster cycle. so in the past ten years, for sure, i think it has reinforced american power because, as you look at what president bush was doing in his second term, what president obama has doubled down on
knowledge, and expertise in energy. in energy we have created 1 billion pounds for capture in storage, one of the key technologies of the future. we created the world's first green investment bank. we're pioneering a new incentive for heat systems in people's homes, and we are putting in place a robust financial framework to incentivize renewable electricity. as a result, more than 12 billion pounds has been committed to into renewable projects in the u.k. and the past 18 months alone with the potential to support around 20,000 new jobs. we've also created new incentives to squeeze more oil and gas out of the north sea, including from the marginal fields. when we see opportunity, we must go for it. look at the way we of got behind tech city right here in london. two years ago there were around 200 digital companies. today there are 1200. with major tech companies like amazon and facebook setting up developer centers, this is now becoming the fastest-growing technology cluster anywhere in the world. we will be publishing new strategies for aerospace and ameritech, alongside it clear, offsho
, afghanistan/pakistan and u.s. energy policy as the six top issues. so starting with that, looking at it strategically, do you feel that those are the core issues before president obama and this administration and our country going into 2013? um, if not, what would you change, what would you add? >> i -- when i was informed by lori murray about the outcome of the process by which the world affairs councils went through and came up with those six issues, i thought you had it exactly right. i think those are the big issues, and congratulations to you. i think you have them just right. i think there is an overarching issue on top of all of them that in some sense effects and enables all of them x that is if you look at at the national security challenges and the foreign policy challenges we face, i say that the number one challenge is getting our fiscal house in order. getting a handle on the debt, getting a handle on the deficit which are critical in order to get the economy growing again and people back to work. and i think that is the over -- it's certainly the number one domestic
and take your, take your energy? that is -- information. that is example of unfairness. we brought 100 examples of spam cases many based on unfairness. 40 data security cases using unfairness. those are examples where i think you want us to use this statute. this is a statute that congress gave us in 1939 to prohibit unfair deceptive acts or practices. >> wyndham case is fair example. it didn't protect their credit card data. >> what we allege, yes. >> 500,000 credit card numbers ended up in the hands of a russian company. >> can neither confirm or deny that. that is certainly the allegation. i don't think even they deny it. >> i guess you brought that. >> involving multiple hacks. not first time or second time. perhaps as many as three. >> one thing i wonder about, one criticism of the ftc you didn't do anything to google for their overcollection of wi-fi information and i don't know how much you can say about that by that, part of the problem there was they didn't say they wouldn't do it. so it wasn't deceptive. they never said i'm not going to collect everybody's information over wi
atomic energy agency. cnn's senior international correspondent matthew chance has more. >> wolf, it's another highly critical report of iran's nuclear program from the u.n.'s nuclear watchdog. it's filled of course with stuff about how iran continues to fail to cooperate with u.n. inspectors and refuses to answer questions about the alleged military dimensions of its nuclear activities. iran of course says its nuclear program is for purely peaceful purposes. but of most concern say western diplomats is the fact that iran has stepped up its capacity to enrich uranium adding more sen ri fujs to its highly secured underground bunker at a place built into a mountain to defend it against potential air strikes. the report says iran has effectively doubled its enrichment capacity there theoretically making it able to have material for a bomb much more quickly than it could do previously. to report, not exactly a game changer perhaps. but still a very worrying document for those countries who like the united states iran's nuclear program very suspiciously indeed. wolf. >> matthew, thank you
of issues including tax reform, the national debt, energy and immigration policy. >> christine, you were in iowa giving a speech, as well, weren't you? did you run into each other? >> no, but they were all buzzing about how he was going to be there and democrats are saying look, here we go again. republicans are saying marco rubio. already in iowa they were talking about the precursor to 2016. >> would have been a good sighting for you. meanwhile how about this for a sighting? justin bieber took top honors sunday night at the american music awards. winning the artist of the year award, along with two other trophies. even brought his mom onstage to celebrate. gotta love someone who does that. nicki minaj won for favorite rap hip-hop album and favorite rap hip hot artist. taylor swift kept up her streak winning her fifth consecutive award for favorite country startist. and you can definitely call carly rae jepsen new partist of the year. >> about 19 minutes past the hour this morning. we're getting an early read on your local news making national headlines. from the odessa american in texa
capital is a big drag, but on the other hand, there's energy prices low. you've got a low relatively -- natural gas, you got housing, having apparently hit bottom, starting to turn, so there's a variety of things. there's a lot of money on the sidelines. >> you raised china. talk about china for a second. the united states, europe, japan, latin america, asia excluding china, every one of those regions experienced a financial and economic crisis in the last 20 years. china stands out as not having gone through such turmoil. can they continue? can they keep that up? is china the next country that we have to worry about for some kind of economic upheaval? >> i'll start. well, the short term, i think what's important for people to understand this year with the political transition is the chinese leadership has a real fear of inflation, and this goes back to 89. they were going o error on the side of being careful with food prices, higher inflation. now that they are threw that, what you start to see if they've got the resources to be able to avoid a hard landing, but the critical questio
.s. manufacturing driven by very low energy prices. we're self-sufficient energy for the first time in years. another company like ppg, they really own the coatings business, about 70% of revenues from coatings, they're growing 4% to 6% organically and end the year with $2.5 billion in cash. they just sold their business, another $1 billion, that $3.5 billion in cash, 60% go to grow the business, 40% return to shareholders. you've got 5%, 6% top line, 10%, 12% net income growth with stock buy back and dividend going up 15% a year. you get 2% while you wait. if things -- if we don't do it on a fiscal cliff and things get worse, not going to get hurt. >> where did you buy comcast? >> comcast we've owned for a couple of years. that's another one that has morphed into a return of capital story. when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty
technology business is growing so solutions like that are places we're putting a large amount of our energy behind but we're also counting on the federal government to help us with some certainty, one part has been solved, we have a president for the next four years, now we have to get fiscal tax issues resolved so we can solidify, our customers can feel better and question participate more with them. >> to that point you are meeting with the president, one of many ceos who will be meeting with him tomorrow i believe. what do you plan to tell the white house at that point? what is the most important issue and how do you come at it in terms of giving him some feedback for what the business communities sees in all of this? >> first thing we'll do is listen a little bit to what he has to say and what his plans are for the second term, but i think the business community and me in particular have been very clear. we need a solution to this fiscal cliff that's coming. i have to believe that logic will prevail here with some hard work and it will get a solution and we also need a tax policy that i
would add is the america's energy futures. that is a whole different presentation. i have to get back to work. i am sure you do, too. we set out to revitalize the alliance's. we decided to engage more deeply to advance our interests. as a result, these determinations, the president ended the war in iraq. he has started a path for transition in afghanistan. and doing so, the president has dramatically improved america poses strategic freedom of maneuver so that our posture alliances -- by renewing our leadership and ensure our focus matches our priorities and resources, and a laser light focus. for the geographic part of this, the president made a decision on the outlook to increase our focus on the asian pacific in terms of resources, diplomatic efforts, engagement, both with nations and regional institutions, and in terms of policy. secateurs clinton became the first secretary of state to make her inaugural trip to asia. the first foreign leader the president met with in the oval office was the prime minister of japan. these were early and important signals of the priorities that the
no nuclear energy by 2030. he says big election issues will be energy and economy. we may hear more from him with regard to stimulus or the election. if we do, we'll bring you that news when we get it. >>> now to gaza. the prime minister has arrived following two days of air strikes in which 19 palestinians and three israelis have reportedly been killed so far. joining us now from tel aviv where we know rockets landed nearby last night is martin fletcher. the fact that the rocket has the range capacity seems to be raising eyebrows. >> reporter: it handed pretty close. one landed in the sea and two more landed in other areas in open fields. didn't do any damage. but the symbolism is great because one of israel's key goals have been to destroy the long range capability of has mass. so the fact that after hundreds of israeli raids and strikes against those rocket centers hamas was able to launch rockets at tel aviv which nearly hit, that's a main success for hamas. >> you can talk about the visit by the prime minister and there was continued violence during the period? >> reporter: the egyptian
energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. at meineke i have options... like oil changes starting at $19.95. my money. my choice. my meineke. >>> a string of murders in new york city all tied to the same weapon. the victims sharing many of the same characteristics. now, police are trying to determine whether it's coincidence or something much more sinister. our mary snow is joining us with the details. pa ri? >> well, joe, police are stopping short of calling this a serial killer but not ruling it out and gone to the fbi with help of a profiler to track a murderer who committed three murders within miles of each other. is the murder of another brooklyn store owner the work of a serial killer? that's because ballistic tests showed th
taste this soup. >> the fda uncovered a possible danger related to 5 hour energy shots you see almost everywhere. the agency said the energy drinks have been linked to 13 deaths, 92 life threatening incidents since 2008. those incidents include heart attacks, con vul shuns and at least one miscarriage. the report comes a month after the fda said monster energy drinks were at risk. >>> the risk of autism may be higher in mothers who contracted the flu or had a fever for more than a week during pregnancy. it included 97,000 children born in denmark between 1997 and 2003. children whose mothers had the flu or a week long fever while pregnant had twice the risk of being diagnosed with autism disorder before age 3. resever tfrjts state health department has new remembering men dayings for hospitals for breast-feeding mothers. they are focused on the time that the mother is in the hospital with her newborn. kie reid has more. >> on average, a mother and her newborn will stay in a hospital for 24 to 48 hours after delivery. that's why the state health department has come up with remembericom
of education, energy, homeland security, interior, justice, state. in fact, it's more than we spend at all of them combined. maria, if we do nothing, by the year 2020, we'll be spending over $1 trillion a year on interest cost alone. that's $1 trillion we can't spend in this country to educate our kids or to rebuild our infrastructure or to do high-valuated research. unfortunately, it is $1 trillion that's going to be spent in those countries we're borrowing from. we'll be building the infrastructure in asia. we'll be educating those kids over there. it means we'll be building their universities so the research is done over there so the next new thing is created over there so the jobs of the future are there, not here. that's crazy. >> i think i know the answer to this next question, but i mean, what is a better outcome for the long-term fiscal health of the country? kicking the can down the road or leaving the status quo on spending and taxes or going over the fiscal cliff? i mean, do we need to go over the fiscal cliff with the four spending cuts and tax hikes to get things moving? >> th
the pipeline route. the pipeline will likely get approval and get built. either way, the energy relationship between the u.s. and canada will continue to grow. and while president obama meets with his newly elected mexican counter part this month, a major topic will be obama's goil goal for immigration reform. it's a domestic issue with regional economic implications for both the united states and mexico. so president obama has got a lot to think about. joining me now is fareed zakaria. he is host of "gps." you understand the economy and foreign affairs. let's talk about europe first of all. you get the impression that china was the biggest economic threat to the united states. but if europe doesn't get its act together, the trade between europe and the u.s. is greater. should the president be worrying about that more? >> he's worrying about it. look, there is no danger of a lehman like collapse in europe because the european central bank finally has essentially copied the federal reserve. and has provided liquidity. so no crisis, no crash. what instead has happened is the slow motion cross-
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